Sold
Last Sold Price
5 beds2 baths
306 W Cheyenne Rd, Colorado Springs, CO 80906
Multi FamilyProperty Type
0.21 acresLot Size
1950Year Built
3 carsParking Spaces

Description

Investment Opportunity in D-12: Duplex Property with Great Potential! Don't miss this excellent investment opportunity in the sought-after D-12 area! This property features two units: a spacious 3-bedroom and a cozy 2-bedroom, offering multiple income streams or flexible living arrangements. The property also includes a 2-car garage and a convenient carport, providing ample parking space. Sitting on a large lot, this property has incredible potential for value-add renovations. Sold "as is," it needs...Investment Opportunity in D-12: Duplex Property with Great Potential! Don't miss this excellent investment opportunity in the sought-after D-12 area! This property features two units: a spacious 3-bedroom and a cozy 2-bedroom, offering multiple income streams or flexible living arrangements. The property also includes a 2-car garage and a convenient carport, providing ample parking space. Sitting on a large lot, this property has incredible potential for value-add renovations. Sold "as is," it needs some work but offers a blank canvas for investors or homeowners looking to customize and increase equity. Ideal for rental income or a personal project, this is an opportunity you won’t want to miss!
  • Listed by: Jeffrey Piggot 719.210.8433 jpiggot@gmail.com • The Cutting Edge
Listing closed: 10/20/2024 10:00 PM • Source: Pikes Peak REALTOR Services (elevatedMLS), MLS#: 3187098

See It First™ on Compass

Find homes before they're listed on other real estate sites.

Start your search

Recent comparable sales

Median sold price

$407,848

Avg days on market

107

Sale-to-list ratio

89.4%

Colorado Springs, CO

9 comparable properties found

$370,000 | 45 Newport Circle, Colorado Springs, CO 80906
1/43
1

$370,000

Sold 01/16/26

4
Bedrooms
2
Bathrooms
1,595
Square Feet
0.29
Acres
$412,000 | 229-231 Crestone Avenue, Colorado Springs, CO 80905
1/11
2

$412,000

Sold 01/30/26

4
Bedrooms
2
Bathrooms
1,436
Square Feet
0.23
Acres
$385,000 | 24-26 Mt Washington Drive, Colorado Springs, CO 80906
1/35
3

$385,000

Sold 02/09/26

4
Bedrooms
2
Bathrooms
1,632
Square Feet
0.16
Acres
$422,000 | 734 East Rio Grande Street, Colorado Springs, CO 80903
1/31
4

$422,000

Sold 04/17/26

5
Bedrooms
3
Bathrooms
1,547
Square Feet
0.17
Acres
a view of a house with a outdoor space
1/26
5

$425,000

Sold 05/21/26

4
Bedrooms
2
Bathrooms
1,235
Square Feet
0.17
Acres
$407,848 | 1033 Mt Werner Circle, Colorado Springs, CO 80905
1/27
6

$407,848

Sold 12/31/25

5
Bedrooms
1,824
Square Feet
0.15
Acres
$358,000 | 1052 Florence Avenue, Colorado Springs, CO 80905
1/2
7

$358,000

Sold 12/12/25

5
Bedrooms
1,818
Square Feet
0.14
Acres
$475,000 | 6 Alsace Way, Colorado Springs, CO 80906
1/38
8

$475,000

Sold 07/14/26

5
Bedrooms
2,302
Square Feet
0.17
Acres
$280,000 | 940 South Sierra Madre Street, Colorado Springs, CO 80903
1/16
9

$280,000

Sold 11/13/25

4
Bedrooms
2
Bathrooms
1,568
Square Feet
0.23
Acres

Location

Listing Courtesy of The Cutting Edge, Jeffrey Piggot
Add your commute

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$2,206 per month

30 year fixed, 7.03% Interest

Principal and Interest

$2,002

Property Taxes

$204

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 306 West Cheyenne Road

Property Details
  • Taxes: $2,450 / year
  • MLS Type: Income / Duplex
  • Zoning: R-2
Building Information
  • Residences: 2
  • Year Built: 1950
  • Lot Size: 0.21 AC / 8,970 SF
Summary
Location and General Information
  • Directions: Take exit 140 toward Nevada Ava/CO-115 S/Tejon St., Turn right onto S Tejon St. Go for 0.4 mi., Take the 1st exit from roundabout onto W Cheyenne Blvd toward Cheyenne Blvd., Turn left onto Lorraine St., Turn right onto W Cheyenne Rd.
  • Latitude: 38.805317
  • Longitude: -104.832627
Taxes and HOA
  • Parcel Number: 7425118024
  • Tax Annual Amount: $2,450
  • Tax Year: 2023
School Information
  • High School District: Cheyenne Mtn-12
Parking
  • Number Of Parking Spaces: 3
Property
Lot Information
  • Lot Size: 8970.0
  • Lot Size Units: Sq Ft
  • Lot Size Acres: 0.2059
  • Lot Size Square Feet: 8970.0
Property and Assessments
  • Living Area Source: Assessor Records
  • Year Built: 1950
Utilities
  • Has Well Permit: No
  • Sewer: Sewer
  • Utilities: Electricity Connected, Natural Gas Connected
  • Water Source: Municipal
Interior and Exterior Features
Exterior Features
  • Siding: Masonite Type
Interior Features
  • Additional Items: Refrigerator in both units, washer
  • Appliances: Dishwasher, Range, Refrigerator, Washer
  • Basement: Full Basement
  • Fireplace Features: Lower Level, Upper Level
  • Heating: Gravity, Natural Gas
  • Laundry Features: Electric Hook-up
Multi Family
Multi Family Information
  • Unit Count: 2
  • Unit Total Baths: 2
  • Unit Total Beds: 5
  • Unit Total Num Garage: 2
  • Number Of Units Total: 2

Property History for 306 West Cheyenne Road

DateEvent & SourcePriceAppreciation
Oct 21, 2024

Sold (Public Record)

Public Record #1543904468

$375,000

+2.7% / yr

Oct 20, 2024

Sold

Pikes Peak REALTOR Services (elevatedMLS) #3187098

$375,000—
Oct 3, 2024

Pending

Pikes Peak REALTOR Services (elevatedMLS) #3187098

—
DateEvent & SourcePrice
10/21/2024

Sold (Public Record)

Public Record #1543904468

$375,000

+2.7% / yr

10/20/2024

Sold

Pikes Peak REALTOR Services (elevatedMLS) #3187098

$375,000
10/03/2024

Pending

Pikes Peak REALTOR Services (elevatedMLS) #3187098

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 306 West Cheyenne Road

Taxable ValueLand$11,860Additions$31,090Total$42,950
Tax Record2025$2,876 ($240 / month)
Home Facts
Total Finished SqFt2,016 SqFtAbove Grade Finished SqFt1,246 SqFtFinished Basement SqFt770 SqFtStories1Lot Size8,970 SqFtStyleDuplexYear Built1950ZoningR2CountyEL PASOAPN7425118024Fireplace TypeHas Fireplace

Schools near 306 West Cheyenne Road

This home is within Cheyenne Mountain 12 School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 4 to 12
Rating
School
Distance
Broadmoor Elementary School
PublicK to 6

Cheyenne Mountain Junior High School
Public7 to 8

Cheyenne Mountain High School
Public9 to 12

Zebulon Pike
Public4 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

New listings in 80906

$390,000 | 3230 Lally Rook Court, Colorado Springs, CO 80906
1/49

Roots Real Estate • MLS #8798331

New

$390,000

3
Bedrooms
1,342
Square Feet
0.16
Acres
$1,175,000 | 2606 Constellation Drive, Colorado Springs, CO 80906
1/38

The Cutting Edge • MLS #2415809

New

$1,175,000

4
Bedrooms
3,833
Square Feet
1.37
Acres
$475,000 | 2998 Westcliff Circle, Colorado Springs, CO 80906
1/35

Keller Williams Premier Realty • MLS #4904640

New

$475,000

4
Bedrooms
2,584
Square Feet
0.21
Acres
$3,000,000 | 1830 Preserve Drive, Colorado Springs, CO 80906
1/50

MLS #6269046

Listed By CompassVirtual Tour

$3,000,000

5
Bedrooms
8,610
Square Feet
1.44
Acres
$675,000 | 3015 Springmeadow Drive, Colorado Springs, CO 80906
1/48

Compass • MLS #9240312

$675,000

5
Bedrooms
3,950
Square Feet
0.43
Acres
$330,000 | 882 San Antonio Place, Colorado Springs, CO 80906
1/27

The Gold Medal Team • MLS #3809443

$330,000

2
Bedrooms
1,262
Square Feet
0.09
Acres
$366,850 | 725 San Bruno Place, Colorado Springs, CO 80906
1/13

LoKation • MLS #2017377

$366,850

3
Bedrooms
1,340
Square Feet
0.12
Acres
$249,999 | 825 San Antonio Place, Colorado Springs, CO 80906
1/8

Homesmart Realty • MLS #6772332

$249,999

2
Bedrooms
1,187
Square Feet
0.08
Acres
$1,495,000 | 17 Pine Road, Colorado Springs, CO 80906
1/46

LIV Sotheby's International Realty CO Springs • MLS #7345421

$1,495,000

5
Bedrooms
4,675
Square Feet
0.59
Acres

Nearby home values

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Cutting Edge, Jeffrey Piggot

Based on information from one of the following Multiple Listing Services: REColorado, Summit MLS Inc (a wholly owned subsidiary of Summit Association of REALTORS), Pikes Peak Association of Realtors, IRES, Grand Junction Area REALTOR, CREN, Vail Board of REALTORS and Grand County Board of REALTORS . Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by REColorado, Summit MLS Inc (a wholly owned subsidiary of Summit Association of REALTORS), Pikes Peak Association of Realtors, IRES, Grand Junction Area REALTOR, CREN, Vail Board of REALTORS and Grand County Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.